Daily Chart

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A chart which represents the price action of a security of a specific trading day is termed as a daily chart. Such chart showcases a graph of data points, that are generally depicted by candlestick, bar or line charts. Among all the forms, the candlestick pattern is increasingly gaining prominence amongst traders as it conveys the basic information relatively easy.

Usually, traders also incorporate several daily charts in their trading setups to ascertain the movements of a security over a particular time frame.

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